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Gold $3,388.41 $(8.99) -0.26% Silver $38.86 $(0.06) -0.15% Platinum $1,438.10 $(2.82) -0.2% Palladium $1,250.65 $(6.5) -0.52%

PPI comes in hotter than expected

PPI comes in hotter than expected

U.S. PPI +0.3% in Jan, above expectations of +0.1%, vs downward revised -0.2% in Dec; 0.9% y/y, down from 1.0% in Dec.

Core +0.5%, above expectations of +0.2%, vs downward revised -0.1% in Dec; 2.0% y/y, vs revised 1.7% in Dec.

Gold has softened in reaction but remains confined to yesterday's range. 

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